€ 650m capital increase and € 500m convertible to finance Courvoisier
>Underperform rating maintained on Campari with an unchanged target of € 11.2 - We maintain our Underperform rating on Campari and our € 11.2 target price. The stock is unattractive and its outperformance is waning (disappointing Q3 FY24 and jury out on Courvoisier acquisition) at a time when momentum for other spirits players is close to turning up, which could support their re-rating. Yesterday evening, the group indicated it is financing the acquisition of Courvois...
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.